Statistics

SOEs see Jan-Sept profits down 17.6%

(Xinhua)
Updated: 2009-10-20 09:37

Profits of China's State-owned enterprises (SOEs) continued to fall in the first nine months from a year earlier, but the decline was smaller than those of the first eight months.

Profits in the country's SOEs fell 17.6 percent year-on-year in the first nine months to 936.61 billion yuan ($137.13 billion), two percentage points lower compared with the Jan-Aug period, the Ministry of Finance (MOF) announced Monday.

The MOF statement did not give the September figure alone but said it was 12 percent lower than the August profits.

Profits of central SOEs totaled 679.68 billion yuan from January to September, down 13 percent from a year earlier. Central SOEs covered 133 centrally-administered SOEs and 82 SOEs affiliated to central departments.

Business revenue of SOEs fell 1.7 percent year-on-year to 15.84 trillion yuan in the first nine months.

Specials

China Open 2009

World Expo 2010

Ethnic Groups in China

60 people and 60 stories

more

World's Shortest Man

Khagendra Thapa Magar from Nepal, who is just 56 centimeters high, is thought to be the world's smallest living man.

BMW Sales Surge

As a result of robust sales in the first three quarters of 2009, the Chinese mainland has vaulted ahead to become the fourth-largest market for BMW Group.

Spike TV's Scream

Megan Fox accepts the Best Sci-Fi Actress award onstage during Spike TV's Scream 2009 held at the Greek Theatre on October 17, 2009.

Beyonce

Beyonce poses at a promotional event for Japanese fashion brand Samantha Thavasa in Tokyo October 16, 2009.

Chinese Are the New Kings of Bling